13F-HR 1 wz50297-13f.txt WEITZ WALLACE R & CO UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2010 ------------------ Check here if Amendment [ ]; Amendment Number: ______ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Wallace R. Weitz --------------------------------- Address: Wallace R. Weitz & Co. --------------------------------- One Pacific Place, Suite 200 --------------------------------- 1125 South 103 Street --------------------------------- Omaha, Nebraska 68124-1071 --------------------------------- Form 13F File Number: 28-3062 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Wallace R. Weitz --------------------------------- Title: President --------------------------------- Phone: 402-391-1980 --------------------------------- Signature, Place, and Date of Signing: /s/ Wallace R. Weitz Omaha, Nebraska November 12, 2010 -------------------- --------------- ----------------- Signature City, State Date Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ---------- Form 13F Information Table Entry Total: 68 ---------- Form 13F Information Table Value Total: $2,016,381 ---------- (thousands) List of Other Included Managers: None WALLACE R. WEITZ & COMPANY 30-Sep-10 13F FILE NO. 28-3062 FORM 13F INFORMATION TABLE

--------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------------------------------------------------------------------------------------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS AUTHORITY --------------------------------------------------------------------------------------------------------------------------------- ACCENTURE PLC IRELAND SHS CLASS A G1151C101 75,203 1,769,890 SH Sole N/A Shared WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 17,271 560,370 SH Sole N/A Shared TYCO INTERNATIONAL LTD SHS H89128104 45,185 1,230,200 SH Sole N/A Shared ACI WORLDWIDE INC COM 004498101 23,109 1,032,117 SH Sole N/A Shared AON CORP COM 037389103 75,038 1,918,650 SH Sole N/A Shared APACHE CORP COM 037411105 587 6,000 SH Sole N/A Sole APOLLO GROUP INC CL A 037604105 44,893 874,250 SH Sole N/A Shared ASCENT MEDIA CORP COM SER A 043632108 13,221 495,000 SH Sole N/A Sole AUTOZONE INC COM 053332102 13,735 60,000 SH Sole N/A Sole BAXTER INTL INC COM 071813109 16,465 345,100 SH Sole N/A Sole BERKSHIRE HATHAWAY INC DEL CL A 084670108 14,691 118 SH Sole N/A Shared BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 91,834 1,110,715 SH Sole N/A Sole BROWN & BROWN INC COM 115236101 8,388 415,450 SH Sole N/A Shared CABELAS INC COM 126804301 24,904 1,312,100 SH Sole N/A Shared COINSTAR INC COM 19259P300 26,344 612,797 SH Sole N/A Shared COMCAST CORP NEW CL A 20030N101 132 7,300 SH Sole N/A Sole COMCAST CORP NEW CL A SPL 20030N200 44,888 2,638,900 SH Sole N/A Shared COMPASS MINERALS INTL INC COM 20451N101 7,328 95,640 SH Sole N/A Shared CONOCOPHILLIPS COM 20825C104 73,573 1,281,095 SH Sole N/A Shared CUMULUS MEDIA INC CL A 231082108 5,395 1,920,000 SH Sole N/A Sole DELL INC COM 24702R101 85,080 6,564,825 SH Sole N/A Shared DEVON ENERGY CORP NEW COM 25179M103 550 8,500 SH Sole N/A Sole DIAGEO P L C SPON ADR NEW 25243Q205 14,492 210,000 SH Sole N/A Sole DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 12,985 340,000 SH Sole N/A Sole EOG RES INC COM 26875P101 651 7,000 SH Sole N/A Sole EAGLE MATERIALS INC COM 26969P108 24,929 1,051,870 SH Sole N/A Shared EHEALTH INC COM 28238P109 1,292 100,000 SH Sole N/A Sole ENERGIZER HLDGS INC COM 29266R108 12,323 183,300 SH Sole N/A Shared FLIR SYS INC COM 302445101 1,542 60,000 SH Sole N/A Sole GOOGLE INC CL A 38259P508 52,514 99,876 SH Sole N/A Shared GRAND CANYON ED INC COM 38526M106 47,005 2,143,429 SH Sole N/A Shared ICONIX BRAND GROUP INC COM 451055107 2,275 130,000 SH Sole N/A Sole INTELLIGENT SYS CORP NEW COM 45816D100 2,270 2,270,000 SH Sole N/A Sole INTERVAL LEISURE GROUP INC COM 46113M108 20,505 1,522,305 SH Sole N/A Shared KENNEDY-WILSON HLDGS INC COM 489398107 212 20,000 SH Sole N/A Sole KNOLOGY INC COM 499183804 2,632 196,001 SH Sole N/A Sole KNOT INC COM 499184109 20,564 2,252,384 SH Sole N/A Shared LABORATORY CORP AMER HLDGS COM NEW 50540R409 37,842 482,500 SH Sole N/A Shared LIBERTY GLOBAL INC COM SER C 530555309 89,703 2,935,300 SH Sole N/A Shared LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 119,617 8,724,812 SH Sole N/A Shared LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 26,088 501,108 SH Sole N/A Shared LIBERTY MEDIA CORP NEW LIB STAR COM A 53071M708 37,374 576,050 SH Sole N/A Shared LIVE NATION ENTERTAINMENT IN COM 538034109 31,609 3,199,295 SH Sole N/A Shared LOCKHEED MARTIN CORP COM 539830109 20,563 288,480 SH Sole N/A Sole MARTIN MARIETTA MATLS INC COM 573284106 52,588 683,225 SH Sole N/A Shared MICROSOFT CORP COM 594918104 88,538 3,615,260 SH Sole N/A Shared MOHAWK INDS INC COM 608190104 28,878 541,800 SH Sole N/A Shared MONSANTO CO NEW COM 61166W101 30,788 642,344 SH Sole N/A Shared NEWCASTLE INVT CORP COM 65105M108 140 45,000 SH Sole N/A Sole OMNICARE INC COM 681904108 105,239 4,406,973 SH Sole N/A Shared OMNICOM GROUP INC COM 681919106 23,899 605,336 SH Sole N/A Sole PRAXAIR INC COM 74005P104 13,539 150,000 SH Sole N/A Sole PRESTIGE BRANDS HLDGS INC COM 74112D101 2,374 240,000 SH Sole N/A Sole PROCTER & GAMBLE CO COM 742718109 13,793 230,000 SH Sole N/A Sole REDWOOD TR INC COM 758075402 99,749 6,898,240 SH Sole N/A Shared SANDRIDGE ENERGY INC COM 80007P307 45,643 8,035,700 SH Sole N/A Shared STRAYER ED INC COM 863236105 4,729 27,100 SH Sole N/A Shared TD AMERITRADE HLDG CORP COM 87236Y108 1,292 80,000 SH Sole N/A Sole TARGET CORP COM 87612E106 668 12,500 SH Sole N/A Sole TELEPHONE & DATA SYS INC SPL COM 879433860 25,113 885,837 SH Sole N/A Shared TEXAS INSTRS INC COM 882508104 75,688 2,788,800 SH Sole N/A Shared TREE COM INC COM 894675107 328 50,000 SH Sole N/A Sole US BANCORP DEL COM NEW 902973304 1,459 67,500 SH Sole N/A Sole UNITED PARCEL SERVICE INC CL B 911312106 38,513 577,500 SH Sole N/A Sole VULCAN MATLS CO COM 929160109 21,569 584,200 SH Sole N/A Shared WAL MART STORES INC COM 931142103 29,704 555,000 SH Sole N/A Sole WASHINGTON POST CO CL B 939640108 8,008 20,050 SH Sole N/A Shared WEIGHT WATCHERS INTL INC NEW COM 948626106 17,341 555,972 SH Sole N/A Shared --------------------------- 68 2,016,381 83,851,064 ---------------------------